New Listings mid-week April 13
A modest number of New Listings – again:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Lynn New Listings
And inventory remains chronically low: (more…)
Old North Festival Chorus Concert TONIGHT!
It is with great joy that the Old North Festival Chorus will present its Lenten Concert this Sunday, April 10 at 7:30 PM at Old North Church, 35 Washington Street, Marblehead, singing together for the first time in 28 months:
There will be a freewill offering, and proof of vaccination will be required, along with the wearing of a well-fitted mask.
Flash First Quarter 2022 Numbers
The shortage of inventory is reflected in these Q1 numbers:
As always, small numbers need to be treated with caution. This chart shows the cyclicality of sales in New England:
Open Houses Sunday April 10
A few more Open Houses::
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
Lynn Open Houses
And read these recent articles:
Why are Mortgage Rates so high?
Time to Consider an Adjustable Rate Mortgage
The Federal Reserve and Mortgage Rates
Earth to Federal Reserve: What are you waiting for?
How Marblehead’s 2022 Property Tax Rate is calculated
Essex County 2022 Property Tax Rates: Town by Town guide
Guide to Buying and Selling in Southwest Florida
If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, please contact me on 617.834.8205 or ajoliver47@gmail.com.
“If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of Oliver ReportsMA . He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Sale, Beverly, Lynn and Swampscott.”
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
m. 617.834.8205
www.OliverReportsMA.com
————————–
Andrew Oliver, M.B.E., M.B.A.
Real Estate Advisor
Andrew.Oliver@Compass.com
www.TheFeinsGroup.com
www.OliverReportsFL.com
Compass
800 Laurel Oak Drive, Suite 400, Naples, FL 34108
m: 617.834.8205
First Old North Festival Chorus Concert since 2019
It is with great joy that the Old North Festival Chorus will present its Lenten Concert this Sunday, April 10 at 7:30 PM at Old North Church, 35 Washington Street, Marblehead, singing together for the first time in 28 months:
There will be a freewill offering, and proof of vaccination will be required, along with the wearing of a well-fitted mask.
Open Houses weekend April 9/10
Here are this weekend’s Open Houses (an updated list will be posted at 8 am tomorrow for Sunday’s OHs):
Click on these links for details: (more…)
New Listings week ending
A rush of New Listings, in Salem:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
And inventory remains chronically low: (more…)
New Listings mid-week April 6
Just a few New Listings:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
And inventory remains chronically low: (more…)
Open Houses Sunday April 3
A few more Open Houses and a large percentage of properties available for sale:
Click on these links for details: (more…)
Open Houses weekend April 2/3
Here are this weekend’s Open Houses (an updated list will be posted at 8 am tomorrow for Sunday’s OHs):
Click on these links for details: (more…)
400 groups view $1 million property in 4 days
Are potential buyers suffering buyer fatigue and withdrawing from the search? Well, not according to this recent example where a staggering 400 groups viewed a $1 million listing in Wenham in 4 days.
The only reaction is…. wow! Wow indeed.
Why are Mortgage Rates so high?
Yes, interest rates are rising and with that so are mortgage rates, but the 30-year Fixed Rate Mortgage (FRM) seems to be about 0.5% higher than I would expect.
First, current rates:
In my recent article The Federal Reserve and Mortgage Rates I explained the link between the FRM and the 10-year Treasury yield (10T). The difference – the spread – has average around 1.7% over time, but with significant fluctuations during periods pf stress.
Here is the chart highlighting the spread at the time of Federal Funds rate changes – and as of this week: (more…)
New Listings week ending April 1
A few more New Listings in some towns:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
And inventory remains chronically low: (more…)
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